Home instruction and private education; creates a tax credit for taxable years 2024 through 2028.
Impact
The bill stipulates that individuals whose income exceeds 200% of the federal poverty guidelines may be eligible for a nonrefundable credit, while those with lower incomes can claim a refundable credit. These distinctions are designed to provide financial support to families that may otherwise find the costs of home schooling or private education prohibitive. In practical terms, the credit can cover a portion of educational expenses, thereby alleviating some of the financial burden placed on families choosing these educational avenues.
Summary
House Bill 1180 introduces a tax credit for eligible expenses associated with home instruction and private education. This legislation allows parents or guardians of qualified students to claim tax credits against their state income taxes for educational costs incurred from January 1, 2024, to January 1, 2029. The bill outlines specific definitions for qualifying educational expenses, including tuition, instructional materials, and fees for standardized exams, establishing a support framework for families opting for non-traditional education methods.
Contention
Notably, HB1180 specifies that individuals who have received scholarships through the Education Improvement Scholarships Tax Credit program are ineligible for the new tax credit established by this bill. This provision may be contentious, as it creates a division between families utilizing scholarship programs and those relying solely on tax credits for educational funding. Furthermore, while the bill empowers parents to claim these credits without increasing state control over private educational institutions and home instruction programs, it may ignite debate over the implications for public education funding and the equitable distribution of financial resources among different educational methods.
Relating to the foundation curriculum, the establishment of the instructional materials allotment, and the adoption, review, and purchase of instructional materials and technological equipment for public schools.
Relating to the foundation curriculum, the establishment of the instructional materials allotment, and the adoption, review, and purchase of instructional materials and technological equipment for public schools.
Relating to the instructional materials and technology allotment, open education resource instructional materials, and the State Board of Education long-range technology plan.
Relating to the instructional materials and technology allotment, open education resource instructional materials, and the State Board of Education long-range technology plan.
Relating to the foundation curriculum, the establishment of the instructional materials allotment, and the adoption, review, and purchase of instructional materials and technological equipment for public schools; providing penalties.